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An '''Roth individual retirement arrangement''' ('''Roth IRA''') is a personal savings plan which allows you to [[investment|invest]] or set aside [[money]] for [[retirement]], while offering you [[deferred tax]] / [[tax]] advantages. <ref>http://www.irs.gov/taxtopics/tc451.html</ref>
The Roth retirement plan under US [[law]] that is generally not taxed, as long as certain conditions are met. The US tax law allows reduction in tax on a limited amount of [[saving]] for retirement. Roth IRA's main difference from the majority of tax advantaged retirement plans is that, instead of granting a [[tax break]] for money placed into the plan, the tax break is granted on the money withdrawn from the plan during retirement.
"A Roth IRA is setup and funded by an individual; however, some employer/group plans can have Roth accounts. A Roth is unique in that it is funded with after-[[tax]] [[dollar]]s, meaning the individual does not deduct the contribution from that year’s [[income tax]]es. He or she pays income taxes on the dollars earned and then contributes to the Roth. The benefit of this account type is that the distributions at retirement age are 100% tax-free. No income tax is claimed from the distribution."<ref>http://survivalblog.com/guest-post-self-directing-your-retirement-sheltering-the-fruits-of-your-labor-by-will-lehr Accessed December 8, 2014</ref>
Roth IRAs can be contain [[investment]]s in [[securities]], most often [[common stock]]s and [[bonds]], typically through [[mutual fund]]s. Roth IRAs also, less commonly, allow other investments, including [[real estate]], [[derivative]]s, notes, [[certificates of deposit]], and are possible). Roth IRAs also allow [[annuity|annuities]] bought from a [[life insurance]] company.
== See Also ==
* [[Self-directed IRA]] and [[IRA]], [[401(k)]], Roth IRA, [[403(b)]], [[Retirement]], [[Social security]]
* [[Asset]]s and [[Asset forfeiture]]
* [[:Category:Survivalism|Economic preparedness]]
* [[Essay:Invest in tangibles|Invest in tangibles]]
* [[Stock]]s and [[Bond]]s
* [[Stock market]]
* [[Savings]]
==External Links==
* [http://www.irs.gov/pub/irs-pdf/p590.pdf IRS Publication 590 (IRAs)] (pdf)
* [http://www.irs.gov/publications/p590/ch02.html IRS ROTH IRA Publication 590]
* http://survivalblog.com/letter-re-self-directed-ira/
* http://survivalblog.com/guest-post-self-directing-your-retirement-sheltering-the-fruits-of-your-labor-by-will-lehr/
* http://survivalblog.com/letter-re-self-directed-ira-article/
* [http://www.forbes.com/forbes/2010/0607/investing-roth-ira-conversion-fidelity-tax-rothify-401k.html Rothify Your 401(k)] Forbes.com
* {{Cite news
| url = http://www.boston.com/business/personalfinance/articles/2010/02/13/traditional_to_roth_ira_conversions_dont_be_tripped_up_by_tax_implications/
| title = Traditional to Roth IRA conversions: Don’t be tripped up by tax implications
| author = Humberto Cruz
| newspaper = [[The Boston Globe]]
| date = February 13, 2010
}}
==References==
{{reflist|2}}
{{DEFAULTSORT:Roth Ira}}
[[Category:Individual Retirement Accounts]]
[[Category:Retirement]]
[[Category:Investment]]
[[Category:Economics]]
[[Category:Survivalism]]
[[Category:Economics]]
[[Category:Real Estate]]
[[Category:Finance]]
The Roth retirement plan under US [[law]] that is generally not taxed, as long as certain conditions are met. The US tax law allows reduction in tax on a limited amount of [[saving]] for retirement. Roth IRA's main difference from the majority of tax advantaged retirement plans is that, instead of granting a [[tax break]] for money placed into the plan, the tax break is granted on the money withdrawn from the plan during retirement.
"A Roth IRA is setup and funded by an individual; however, some employer/group plans can have Roth accounts. A Roth is unique in that it is funded with after-[[tax]] [[dollar]]s, meaning the individual does not deduct the contribution from that year’s [[income tax]]es. He or she pays income taxes on the dollars earned and then contributes to the Roth. The benefit of this account type is that the distributions at retirement age are 100% tax-free. No income tax is claimed from the distribution."<ref>http://survivalblog.com/guest-post-self-directing-your-retirement-sheltering-the-fruits-of-your-labor-by-will-lehr Accessed December 8, 2014</ref>
Roth IRAs can be contain [[investment]]s in [[securities]], most often [[common stock]]s and [[bonds]], typically through [[mutual fund]]s. Roth IRAs also, less commonly, allow other investments, including [[real estate]], [[derivative]]s, notes, [[certificates of deposit]], and are possible). Roth IRAs also allow [[annuity|annuities]] bought from a [[life insurance]] company.
== See Also ==
* [[Self-directed IRA]] and [[IRA]], [[401(k)]], Roth IRA, [[403(b)]], [[Retirement]], [[Social security]]
* [[Asset]]s and [[Asset forfeiture]]
* [[:Category:Survivalism|Economic preparedness]]
* [[Essay:Invest in tangibles|Invest in tangibles]]
* [[Stock]]s and [[Bond]]s
* [[Stock market]]
* [[Savings]]
==External Links==
* [http://www.irs.gov/pub/irs-pdf/p590.pdf IRS Publication 590 (IRAs)] (pdf)
* [http://www.irs.gov/publications/p590/ch02.html IRS ROTH IRA Publication 590]
* http://survivalblog.com/letter-re-self-directed-ira/
* http://survivalblog.com/guest-post-self-directing-your-retirement-sheltering-the-fruits-of-your-labor-by-will-lehr/
* http://survivalblog.com/letter-re-self-directed-ira-article/
* [http://www.forbes.com/forbes/2010/0607/investing-roth-ira-conversion-fidelity-tax-rothify-401k.html Rothify Your 401(k)] Forbes.com
* {{Cite news
| url = http://www.boston.com/business/personalfinance/articles/2010/02/13/traditional_to_roth_ira_conversions_dont_be_tripped_up_by_tax_implications/
| title = Traditional to Roth IRA conversions: Don’t be tripped up by tax implications
| author = Humberto Cruz
| newspaper = [[The Boston Globe]]
| date = February 13, 2010
}}
==References==
{{reflist|2}}
{{DEFAULTSORT:Roth Ira}}
[[Category:Individual Retirement Accounts]]
[[Category:Retirement]]
[[Category:Investment]]
[[Category:Economics]]
[[Category:Survivalism]]
[[Category:Economics]]
[[Category:Real Estate]]
[[Category:Finance]]